CALGARY, AB, Feb. 1, 2022 /CNW/ – Headwater Exploration Inc. (the “Company” or “Headwater“) (TSX: HWX) is pleased to announce successful exploration well results, fourth quarter 2021 production details and a material expansion of its land base and prospect inventory. Highlights include:

CALGARY, AB, Dec. 21, 2021 /CNW/ – Headwater Exploration Inc. (the “Company” or “Headwater“) (TSX: HWX) announces that it has issued a call notice to Cenovus Marten Hills Partnership (“CMHP“), a wholly-owned subsidiary of Cenovus Energy Inc. (“Cenovus“), requiring CMHP to exercise the 15,000,000 warrants (the “Warrants“) to purchase common shares (“Common Shares“) of the Company that CMHP holds. Each Warrant entitles CMHP to purchase one Common Share at an exercise price of $2.00. Headwater and CMHP have agreed that CMHP will exercise the Warrants on December 23, 2021. On exercise of the Warrants, Headwater will receive … Continue Reading

CALGARY, AB, Nov. 10, 2021 /CNW/ – Headwater Exploration Inc. (the “Company” or “Headwater“) (TSX: HWX) is pleased to announce its operating and financial results for the three and nine months ended September 30, 2021.  Selected financial and operational information is outlined below and should be read in conjunction with the unaudited condensed interim financial statements and the related management’s discussion and analysis (“MD&A”).  These filings will be available at www.sedar.com and the Company’s website at www.headwaterexp.com.

 Financial and Operating Highlights

Three months ended

September 30,

Nine months ended

September 30,

2021

2020

2021

2020

Financial (thousands … Continue Reading

CALGARY, AB, Aug. 5, 2021 /CNW/ – Headwater Exploration Inc. (the “Company” or “Headwater“) (TSX: HWX) is pleased to announce its operating and financial results for the three and six months ended June 30, 2021.  Selected financial and operational information is outlined below and should be read in conjunction with the unaudited condensed interim financial statements and the related management’s discussion and analysis (“MD&A”). These filings will be available at www.sedar.com and the Company’s website at www.headwaterexp.com.

Financial and Operating Highlights

Three months ended

June 30,

Six months ended

June 30,

2021

2020

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Financial (thousands … Continue Reading

CALGARY, AB, May 13, 2021 /CNW/ – Headwater Exploration Inc. (TSX: HWX) (“Headwater“) is pleased to announce that the nominees listed in the management information circular dated March 29, 2021 were elected as directors of Headwater at Headwater’s annual and special meeting of shareholders (the “Meeting“) held today, May 13, 2021. The detailed results of the vote for the election of directors held at the Meeting are set out below.

Election of Directors

On a vote by ballot, each of the following nine nominees proposed by management was elected as a director of Headwater:

Nominee

Outcome of Vote… Continue Reading

CALGARY, AB, May 12, 2021 /CNW/ – Headwater Exploration Inc. (the “Company” or “Headwater“) (TSX: HWX) is pleased to announce increased guidance and its operating and financial results for the three months ended March 31, 2021.  Selected financial and operational information is outlined below and should be read in conjunction with the unaudited interim condensed financial statements and the related management’s discussion and analysis (“MD&A”). These filings will be available at www.sedar.com and the Company’s website at www.headwaterexp.com.

Financial and Operating Highlights

Three months ended

March 31,

2021

2020

Financial (thousands of dollars except share data)

Sales, … Continue Reading

CALGARY, AB, Dec. 14, 2020 /CNW/ – Headwater Exploration Inc. (“Headwater” or the “Company“) (TSX: HWX) announces that the Company’s board of directors (the “Board”) has approved a 2021 capital budget of $85 – $90 million designed to provide December 2020 to fourth quarter average 2021 production growth of approximately 125%.  The approved budget is expected to leave Headwater with a working capital surplus of approximately $45 million at the end of 2021.

2021 GUIDANCE SUMMARY

Average Daily Production

Crude oil (bbls/d) (1)

5,850 – 6,350

Natural gas (mcf/d)

3,800

Barrels of oil equivalent (boe/d) (2)

6,500 – 7,000… Continue Reading

CALGARY, AB, Nov. 18, 2020 /CNW/ – Headwater Exploration Inc. (the “Company” or “Headwater“) (TSX: HWX) announces it has received written consents from shareholders holding a majority of the issued and outstanding common shares (the “Common Shares“) of Headwater approving the Company’s previously announced transaction (the “Transaction“) with Cenovus Energy Inc. (“Cenovus“). Pursuant to the Transaction, Headwater will acquire 100% of Cenovus’ assets in the Marten Hills area of Alberta. 

Headwater will issue 50 million Common Shares and 15 million warrants (the “Warrants“) to purchase Common Shares exercisable at $2.00 per Common Share with a three-year term to Cenovus … Continue Reading

CALGARY, AB, Nov. 9, 2020 /CNW/ – Headwater Exploration Inc. (the “Company” or “Headwater“) (TSX: HWX) announces it has entered into a definitive agreement with Cenovus Energy Inc. (“Cenovus”) for a transformational transaction (the “Transaction”) to acquire 100% of Cenovus’ assets in the Marten Hills area of Alberta for approximately $100 million.  Pursuant to the Transaction, Headwater will acquire a 100% working interest in approximately 2,800 barrels per day of medium oil production and 270 net sections of Clearwater rights.

The total consideration to be paid to Cenovus for the Transaction consists of:

CALGARY, AB, Aug. 5, 2020 /CNW/ – Headwater Exploration Inc. (the “Company” or “Headwater“) (TSX: HWX) announces its operating and financial results for the three and six months ended June 30, 2020.  Selected financial and operational information is outlined below and should be read in conjunction with the unaudited condensed interim financial statements and the related management’s discussion and analysis (“MD&A”). These filings will be available at www.sedar.com and the Company’s website at www.headwaterexp.com.

 Financial and Operating Highlights

Three months
ended

June 30,

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Change

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ended

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Percent
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CALGARY, May 14, 2020 /CNW/ – Headwater Exploration Inc. (the “Company” or “Headwater“) (TSX:HWX) announces its operating and financial results for the three months ended March 31, 2020.  Selected financial and operational information is outlined below and should be read in conjunction with the unaudited interim condensed financial statements and the related management’s discussion and analysis (“MD&A”).  These filings will be available at www.sedar.com and the Company’s website at www.headwaterexp.com.

Financial and Operating Highlights

Three months ended

March 31,

Percent
Change

2020

2019

Financial (thousands of dollars except share data)

Sales

2,308

6,009

(62)

Cash flow provided … Continue Reading

CALGARY, March 25, 2020 /CNW/ – Headwater Exploration Inc. (the “Company” or “Headwater“) (TSX:HWX) announces its operating and financial results for the three months and year ended December 31, 2019. Selected financial and operational information is outlined below and should be read in conjunction with the audited financial statements and the related management’s discussion and analysis (“MD&A”).  These filings will be available at www.sedar.com and the Company’s website at www.headwaterexp.com. In addition, readers are also directed to the Company’s Annual Information Form for the year ended December 31, 2019, dated March 25, 2020, filed on … Continue Reading